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The total demand for office space in capital Bucharest plunged nearly 40% on the year in 2020, down to 214,000 square meters, the lowest level since 2012, and the new demand reached approximately 70,000 sqm, per data from real estate consulting firm Colliers.
Online retailer and manufacturer of mobile phones and gadgets iHunt Ploiesti (HUNT.RO) seeks to raise its share capital by RON5.6 million by offering free shares from its 2020 profit.
Electricity and natural gas group E.ON Energie Romania, part of German utility group E.ON, said Friday it has completed a EUR330,000 solar panel installation project for Moara Cibin Sibiu.
Ford Romania on Friday reached the 1.5 million mark on the production of the carmaker's 1.0-liter EcoBoost engine made in Craiova since 2012.
The surge in demand for toys in 2020 as the pandemic kept people indoors led to a rise in the sales of the companies in this business, and Lego even posted 13% growth globally, the company’s report shows.
The average net salary in Romania declined 6.2% in nominal terms and 7.4% in real terms in January compared with December 2020, to 3,395 lei (around EUR695), data from the country's statistics board showed Friday.
Romania's trade balance posted a deficit of EUR1.193 billion in January, lower by EUR124.6 million compared with January 2020, data from the country's statistics board showed Friday.
Hakim Boutehra, who in August 2016-February 2021 ran Renault Commercial Roumanie as general manager and then served as general manager of Renault South Eastern Europe took the position of managing director with Stellantis for Algeria, Tunisia and Libya, based in Morocco, last month.
Dental clinic chain Dr. Leahu reported total revenue of over RON59 million in 2020, up 18% on the year, and a net profit of RON3.1 million, up 7.5% on the year.
Giant Amazon will have a majority presence in Palas Campus, a project worth EUR120 million of Iulius Group, which is to become one of Amazon’s most powerful centers in Europe.
Real estate developer Practic Bucuresti (PRBU.RO), held by Radu Dimofte, has summoned its shareholders on April 15 to approve the proposition of the company’s Executive Board to distribute the amount of RON10.5 million from the 2020 net profit as dividends, per a stock market report.
Hotel transaction volume in Romania declined 87% in 2020, to around EUR9.5 million, from EUR75 million in 2019, as the pandemic put investor activity on hold and many sellers postponed their planned sales, real estate consultancy company Cushman & Wakefield Echinox said in a report Thursday.
Romanian entrepreneur Cristian Pandel, founder of Memento Group, which includes tour operator Christian Tour, and Lucian Aldescu, founder of delivery firm Pegasus and former CEO of DPD Romania, have launched a new courier service company, Memex.
Aaylex Group, owned by entrepreneur Bogdan Stanca, which produces and sells poultry meat under the Cocorico brand, has invested EUR15 million in a new production unit to produce all-natural chicken sausages.
Real estate developer One United Properties said Thursday it has repaid a four-year bond issue totaling EUR20 million ten months ahead of maturity.
Bergamot Developments, owned by Impact Developer (IMP.RO), has contracted a EUR5.7 million loan from Libra Internet Bank to refinance its loans from parent-company.
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, said Thursday it is prioritizing the automation of its electricity distribution infrastructure.
German automotive group Continental invested over EUR150 million in its Romanian operations in 2020 and plans a similar investment budget for 2021.
The volume of deposits per capita stands at more than RON24,000 in Bucharest-Ilfov, while the lowest volume is in Giurgiu County, RON2,160, 11 times less than in Bucharest, ZF has calculated from Romania’s central bank and National Statistics Institute data.
Romanian Bega Group, owned by Marius and Emil Cristescu, opened the new ibis Timisoara City Center hotel at the beginning of March, following an investment of EUR10 million.19015 items